Clauses allowing the builder to raise prices due to material cost increases. Earnest Money: How much money is at risk if you back out.
Do not rely on the builder's municipal inspection. Hire an independent inspector to perform checks at key stages: foundation, pre-drywall, and a final walkthrough before closing. Negotiating Tips Pros and cons purchasing new home with builder (no realtor) buying a house directly from builder
Penalties for late closing, sometimes up to $150/day. Clauses allowing the builder to raise prices due
Since you are acting as your own agent, having a real estate attorney review the contract is essential to identify risks and negotiate terms. Hire an independent inspector to perform checks at
Builder contracts are usually one-sided. Pay close attention to:
Builder sales agents represent the builder’s interests, not yours. They may not offer lower prices just because you are unrepresented, and you might miss hidden risks in the contract. Key Steps in the Process